Indonesian maker lifted local PP prices as PE remains on the downtrend
Indonesian maker lifted local PP prices as PE remains on the downtrend
A major Indonesian producer has surprisingly opened a new price list on Saturday, 4 June 2022 with increases in PP cargoes, reflecting the rebound in the import market. Meanwhile, spot PE offers remain on the softening track.
The change in the new price announcement gives the supplier the opportunity to monitor the market movement throughout the week before making any major adjustments.
The producer’s latest price list and changes compared to last week are shown in the following table:
|
Material |
Price List as of4 Jun. 22 |
USD Equivalent |
W.O.W Changes |
USD Equivalent |
Term |
|
Combined and reported by CommoPlast |
|||||
|
LL film |
IDR 21,810,000 |
$1,501 |
-IDR 580,000 |
-$40 |
FD Jabodetabek |
|
mPE |
IDR 23,710,000 |
$1,632 |
-IDR 740,000 |
-$51 |
FD Jabodetabek |
|
LL inj |
IDR 22,540,000 |
$1,551 |
-IDR 590,000 |
-$41 |
FD Jabodetabek |
|
HD film |
IDR 21,080,000 |
$1,451 |
-IDR 130,000 |
-$9 |
FD Jabodetabek |
|
HD yarn |
IDR 21,370,000 |
$1,471 |
-IDR 140,000 |
-$10 |
FD Jabodetabek |
|
HD blow |
IDR 21,520,000 |
$1,481 |
+IDR 10,000 |
+$1 |
FD Jabodetabek |
|
IPP (PP Film) |
IDR 22,100,000 |
$1,521 |
+IDR 300,000 |
+$21 |
FD Jabodetabek |
|
PPH yarn |
IDR 21,150,000 |
$1,456 |
+IDR 300,000 |
+$21 |
FD Jabodetabek |
|
PPH inj |
IDR 21,150,000 |
$1,456 |
+IDR 300,000 |
+$21 |
FD Jabodetabek |
|
PP thin wall |
IDR 22,540,000 |
$1,551 |
+IDR 290,000 |
+$20 |
FD Jabodetabek |
|
BOPP |
IDR 21,590,000 |
$1,486 |
+IDR 300,000 |
+$21 |
FD Jabodetabek |
|
PP coating |
IDR 21,590,000 |
$1,486 |
+IDR 300,000 |
+$21 |
FD Jabodetabek |
|
PP thermo |
IDR 21,520,000 |
$1,481 |
+IDR 160,000 |
+$11 |
FD Jabodetabek |
|
PPRC |
IDR 22,390,000 |
$1,541 |
-IDR 300,000 |
-$21 |
FD Jabodetabek |
|
PPBC |
IDR 21,810,000 |
$1,501 |
-IDR 290,000 |
-$20 |
FD Jabodetabek |
|
*All prices are excluded of 10% VAT *Exchange Rate: USD 1 = IDR 14,528 |
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Sources said that demand from the packaging sector shows little improvement even though the country has fully embraced the endemic phase. “Besides, the price list is way higher than deals achieved in the distribution market. We expect further price cuts on PE in the near term despite the rising crude oil prices,” a market source said.
Meanwhile, Indonesian customers expected only minor increases on PP parcels moving forwards as local producers need to be mindful of the widening gap with imported materials.